Word: stating
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...right to be worried. The debacle in Greece could be a harbinger of a new stage of the financial crisis, one in which irresponsible politicians, not bankers, are the main source of economic turmoil. Across the developed world, sovereign states have amassed potentially unsustainable mountains of debt. The Organization for Economic Cooperation and Development (OECD) forecasts that by 2011 the ratio of government debt to gross domestic product - the main measure of a state's financial health - will reach 100% in the U.S., up from 62% in 2007. That's almost as large as Greece's burden today. Ireland...
...building on political leaders to prove they're serious about getting their countries' finances in order. In late January, S&P warned that it could downgrade Japan's sovereign rating if the new administration of Prime Minister Yukio Hatoyama doesn't rein in the deficit. In his January State of the Union address, President Barack Obama pledged to freeze discretionary fiscal spending for three years starting in 2011. "Like any cash-strapped family, we will work within a budget to invest in what we need and sacrifice what we don't," Obama said. (See pictures of retailers which have gone...
...While the allergy is incurable, Tilson might yet see his first wild tiger, in a central Chinese wilderness he is playing an almost godlike role in creating. Thanks to a unique collaboration between Minnesota Zoo, China's State Forestry Administration (SFA), and a Bangkok-based environmental financier called International Consultancy Europe (ICE), a plan is under way to reintroduce the South China tiger, the rarest of the world's five surviving subspecies, back into its natural habitat. In this Year of the Tiger, the project has secured $3 million to restore a 250,000-acre (100,000 hectare) nature reserve...
...There is unemployment, a brief and relatively routine transitional state that results from the rise and fall of companies in any economy, and there is unemployment--chronic, all-consuming. The former is a necessary lubricant in any engine of economic growth. The latter is a pestilence that slowly eats away at people, families and, if it spreads widely enough, the fabric of society...
Sachs' reference to our current state of "peacetime" is a slap in the face of every brave serviceman and -woman deployed to Iraq and Afghanistan. In the story's illustration, a man doesn't want to hear that military spending is up. Why should it be? It's not like there...